With the buy-sell insurance agreement, you can keep your business running and protect the financial interests of the family of each owner.
Buy-sell life or disability insurance can fund your buy-sell agreement and be useful if your company’s buy-sell agreement requires that the owners or partners purchase a deceased or disabled owner’s interests.
Business Assets
This prevents your owners or partners from being obligated to use personal fund or even business assets to fund the buy-sell agreement.
Buy-Out Interest
Buy-out interest provides cash payment that other owners or partners are able to use to buy out the share of business from a deceased or disabled owner.
This insurance aids your business in recovering from the loss or disability of someone who is irreplaceable to your company, I other words, a key person.
Benefits of key person insurance include:
With business overhead insurance, you can make sure that your business meets all of it’s ongoing expenses in case that you or a co-owner can’t work due to disability.
Benefits of overhead expense insurance include:
It doesn’t matter if your business has one vehicle, or tons of vehicles when you have commercial auto insurance. With this insurance, you can protect the commercial vehicles of your business, as well as their drivers. And as an added plus, If your business has 5 or more commercial vehicles, your business can qualify for a fleet rating and receive an additional discount for having multiple vehicles.
Trucking
Trucks, one of the most used commercial vehicles in businesses. That’s why investing in trucking insurance for your business is important. With this insurance’s coverage, you can protect your truck, or fleet of trucks, whether that be a tailor, tractor, or of course, cargo trucks.
With trucking insurance, premiums are determined upon three main factors:
Transportation Buses (i.e. School Buses, Airport Limos, Tour Buses, etc.)
Here at Xeed, we understand your concerns and what’s at stake each time a passenger boards your bus. However, here at Xeed, we’re committed to help you ensure a safe and smooth ride for your passengers, as well as operators. We’re here to help you find the right insurance, as well as help you manage customer risks with our industry-leading risk control support.
Key coverage’s include:
To us, it doesn’t matter if you have a large corporation or just a home-based business, all we care about is helping you, so you can sufficiently protect yourself. Here at Xeed, our insurance brokers will help you and work with you and find you the best possible coverage and rates, that meet all your unique business requirements.
Commercial Property Insurance
What happens if damage to your commercial property occurs? What would you do in order to make sure your business remains stable and returns to operations as quickly as possible? Well with commercial business insurance, you can make sure all that happens. This insurance covers all lost income due to interruptions in your business operations.
Commercial property insurance covers more than just the physical building of your business. It also covers:
Commercial General Liability Insurance
It doesn’t matter if you’re a consultant, skilled trades person, contractor, or even an owner of your very own retail business when it comes to the importance of investing commercial general liability insurance. We don’t know what can happen, and if a lawsuit were to occur, it wouldn’t only affect the end result of what you do as a business, but it would also damage your reputation, with you clients or customers. With commercial general liability insurance, you can protect yourself from the various risks of any lawsuit, which is a huge step in protecting your business and operations.
Errors and Omissions Professional Liability Insurance
Sure, mistake happen, but what will it cost your business if you or any other employee makes an error and causes a client any sort of harm? With errors and omissions professional liability insurance, you can protect your business from possible claims.
If you’re a professional service provider, you should invest in errors and omissions professional liability insurance. Professional service providers include:
Contractor insurance is designed especially for small to medium sized businesses in the construction, as well as related, industry. This insurance provides coverage for bodily injury, property damage, completed operations, as well as numerous other possible risks and exposures.
As a contractor, it is possible that you may also require:
Builder’s Risk
Insuring homes under construction can be quite difficult. However, with builder’s risk, you can properly insure your home while it’s being constructed.
When on a construction site, risk of property damage can be quite substantial. With builder’s risk insurance, you can ensure coverage for buildings, while they are being constructed.
Coverage under builder’s risk insurance includes:
For more information on business insurance, feel free to contact us here at Xeed. We’d be more than happy to help you find what you’re looking for!
